Many ways to “eat your house” in retirement:
– Take in boarders or flatmates
– Sublet part of home — permanently or Airbnb (wttch tax and insurance)
– Subdivide — easier now
– Sell your house and buy smaller or in a cheaper place
– Sell your house and become a renter
– Reverse mortgages
Q&As:
– So you’re a millionaire? Big deal!
– Moving KiwiSaver provider in volatile times
– Which to pay off first — student loan or mortgage?
– Charity unhappy with last week’s wording
– An offer for those setting up scholarships
– 3 NZ Super recipients are unhappy with the rules
Q&As:
– Should you lie on your NZ Super application?
– Why Super rules make sense
– Donor could start a scholarship, or a grant
– Give while you live — and get a tax credit
– Most are happy with reverse mortgages
– Idea for couple: move into the bach
– Muddling up energy companies
Q&As:
– Property-rich, cash-poor couple can keep their bach
– How to give away millions of dollars
– Conservative KiwiSaver funds not all that conservative
– Dividend reinvestment plans work well for most shareholders
Q&As:
– Covid-hit couple struggle to get a loan …
– … while another family finds solutions
– Short-term share performance is irrelevant
– Get used to volatility or move out and stay out
– 45 financial rules
Reverse mortgages revisited, and 10 ways to make retirement easier financially
– Further thoughts about reverse mortgages — when younger retirees might use them
– Retire later — job satisfaction, social contact, financial
– Move house, and maybe town
– Boarders or flatmates or Airbnb
– Subdivide
– Rates rebates if on low income
– Rates postponement on any income in some places
– Accommodation supplements (government help with rent, board or home ownership costs)
– Sell your house and be a tenant
– Sell assets on Trade Me etc. including valuables
– At 90, you become the charity!
Reverse mortgages: Free up money for retired people — but take care!
– Growing interest in them
– How they work
– What to ask about them
– Some problems
– How people use them
– Where to get more info
Q&As:
– Couple should follow their lifestyle block dream
– Why shareholder loyalty to NZ share may be misguided
– Must you use money tied up in your home for investments?
– Kind landlord helps others into their own homes
Q&As:
– You don’t need nearly a million to retire comfortably
– Should couple sell Covid-struck business now and retire, or wait and hope?
– Report shonky kiwifruit contractor, reader urges
– Reverse mortgage could help last week’s house buyer
Q&As: Couple leaving Auckland shouldn’t worry about being unable to get back into that housing market; 96-year-old still saves — and likes visits more than presents; One reader thinks 88-year-old should spend as he pleases…; Another worries the granddad is being exploited …; And another says it’s important to talk to the elderly about money; Why shouldn’t a retired person get a mortgage?, reader asks.